The Reserve Bank of India (RBI) said in its latest assessment that India’s economy has demonstrated resilience in the face of global headwinds, with inflation showing signs of easing. With domestic demand holding up, the central bank noted it has scope to adopt a more accommodative monetary-policy stance in the near term. The remarks have sparked speculation among market participants about possible rate cuts by year-end, which could support credit growth and equity valuations.

India’s Index of Eight Core Industries (ICI) registered a 3 % year-on-year growth in September 2025, driven by steel, cement, electricity and fertiliser sectors, according to the Ministry of Commerce and Industry. The gain reflects a steady pickup in industrial activity and supports the broader growth narrative. While the growth is modest, it signals underlying momentum in heavy-industry segments that are key to infrastructure and manufacturing demand.